26,100 Shares in Alamos Gold Inc. (NYSE:AGI) Acquired by Versor Investments LP

Versor Investments LP purchased a new stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 26,100 shares of the basic materials company’s stock, valued at approximately $481,000.

Other institutional investors have also modified their holdings of the company. CIBC Asset Management Inc raised its stake in shares of Alamos Gold by 59.0% in the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock valued at $142,936,000 after acquiring an additional 2,867,027 shares in the last quarter. FMR LLC increased its holdings in Alamos Gold by 50.8% during the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock worth $127,027,000 after purchasing an additional 2,148,153 shares during the period. Addenda Capital Inc. acquired a new stake in Alamos Gold in the 4th quarter valued at about $34,869,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Alamos Gold by 19.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock valued at $110,662,000 after buying an additional 891,255 shares during the period. Finally, Generate Investment Management Ltd boosted its stake in shares of Alamos Gold by 120.8% in the 4th quarter. Generate Investment Management Ltd now owns 818,945 shares of the basic materials company’s stock valued at $15,101,000 after buying an additional 448,074 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AGI. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada increased their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $26.06.

Alamos Gold Trading Up 0.9 %

AGI opened at $22.83 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. Alamos Gold Inc. has a one year low of $12.40 and a one year high of $24.27. The company has a market cap of $9.60 billion, a P/E ratio of 33.08, a PEG ratio of 0.40 and a beta of 1.16. The business’s 50-day simple moving average is $20.67 and its 200-day simple moving average is $19.90.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The firm had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. As a group, equities research analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Thursday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is 14.49%.

About Alamos Gold

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.